o;? Bank of Maharashtra
Maha Super Housing Loan Scheme: for repairs/renovation/alteration of existing house/flat for new standalone borrowers
1 Name of the scheme Maha Super Housing Loan Scheme for repairs/renovation/alteration of existing house/flat for new standalone borrowers
2 Type of credit facilities Term Loan
3 Purpose For repairs/renovation/alteration of existing house/flat for new standalone borrowers on an unencumbered house property
4 Eligibility Individual salaried employees (with a permanent job for the period of minimum 1 year in current organization), Self-Employed Professionals, Businessman, Pensioners (subject to having pension account with us & sufficient disposable income), Farmers having minimum land holding of 5 Acres of irrigated Land and sufficient disposable income.
5 Min. Annual Income
  • For Salaried: Rs.3.00 lakh (last year income) - Minimum past 2 year ITR/Form 16 from the Employer is Mandatory
  • For Businessmen/Professionals: Rs.3.00 lakh (last year income) - Minimum past 2 year ITR with supporting documents are mandatory
  • For Persons engaged in Agriculture & Allied activities having ascertainable Minimum income of Rs.3.00 lakh
6 Age Limit
  • Minimum : The applicant/s must be 21 years old (completed) as on the date of application
  • Maximum : 65 Years for Professional & self-employed i.e. for Doctors/Architects/CAs etc.
  • 60 years for others, subject to having sufficient disposable income
**Age at Loan Maturity should not exceed 75 Years.
7 Eligible Quantum of loan
  1. 100% of the actual cost of repairs/renovations/alterations
  2. Maximum Quantum : Maximum up to 25% of the realizable value of the property based on the latest valuation report not older than 3 months
*Lower of (a) or (b)
  • The income of son, daughter, sister, brother, along with the spouse can be taken for deciding the quantum of loan and repayment capacity. Those persons will be taken as co borrowers compulsorily.
  • In case of Proprietary concerns and Professionals & Self-employed, total income would also mean Cash Accruals
8 Maximum Quantum of Loan
  • For Metro and Urban area: No Maximum Limit
  • For Rural and Semi urban areas  : Amount of Loan should not exceed Rs.10 lakh
9 Margin NIL
10 Repayment
  • Maximum Repayment period of 20 Years
  • No Moratorium period is allowed
11 Rate of Interest (Floating) Click here to view the Interest Rate

Interest will be charged on daily basis with monthly rests
12 Deduction For Salaried:-
Gross Monthly Income Permissible Deduction
Rs. 25,000/- to Rs. 2.00 lakhs Maximum 65%
Above Rs. 2.00 Lakhs Maximum 70%

For Other:-

Gross Annual Income

Permissible Deduction

Rs. 3.00 Lakhs to Rs. 20.00 lakhs

Maximum 65%

Above Rs. 20.00 lakhs

Maximum 70%

13  Processing Charges As applicable
14 Documentation Charges 0.10% of the loan amount subject to maximum of Rs.10,000/-
15  Prepayment Charges
  • No foreclosure allowed within 1 year
  • 0.50% of the outstanding loan amount.
16 Security Equitable/Registered Mortgage of Housing Property
Information Security
Insurance Products
Direct Selling Agent for Housing Loan
Udyami Mitra
Attention NRI Customers
Car Dealers Tie-up Form
Reservation Roster
Integrety Pledge by CVC
Locate Branch/ATM
OTS Settlement Request
Bank's Willful Defaulters
List of Specialized Branch
State wise Holiday
Online Education loan thorugh Vidya Laxmi Poratal

User Manual - UPI
Is your Bank Account KYC compliant?

Beware of fictitious offers / lottery winnings / cheap funds offers

Press Release for the Quarter / Year Ended 31st March 2019

Revised Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 07.07.2019

Rupay Debit Card Offers

SMS Charges w.e.f. 01/07/2017

FAQs International Debit Card

A Little extra care makes your online transactions more secure

Account Portability : Transfer of account from one branch to another branch in the Bank

Bank's Codes of Commitments to Customers

RBI Monetary Museum - Reserve Bank of India

General Information about the Museum
IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.